Green Plains (NASDAQ:GPRE) Hits New 1-Year Low – What’s Next?

Green Plains Inc. (NASDAQ:GPRE) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.11 and last traded at $10.26, with a volume of 250036 shares trading hands. The stock had previously closed at $10.30.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Stephens upgraded Green Plains to a “hold” rating in a research note on Monday, December 2nd. Finally, Truist Financial lowered their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Trading Down 7.1 %

The stock has a fifty day simple moving average of $11.31 and a 200 day simple moving average of $13.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The firm has a market cap of $596.08 million, a P/E ratio of -24.26 and a beta of 1.44.

Institutional Investors Weigh In On Green Plains

A number of large investors have recently made changes to their positions in GPRE. Barclays PLC lifted its stake in shares of Green Plains by 71.5% in the 3rd quarter. Barclays PLC now owns 142,851 shares of the specialty chemicals company’s stock worth $1,935,000 after purchasing an additional 59,564 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Green Plains during the 3rd quarter valued at approximately $155,000. State Street Corp lifted its holdings in Green Plains by 2.9% in the 3rd quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company’s stock worth $52,945,000 after purchasing an additional 111,501 shares in the last quarter. Quarry LP boosted its stake in Green Plains by 17.2% in the 3rd quarter. Quarry LP now owns 79,934 shares of the specialty chemicals company’s stock worth $1,082,000 after purchasing an additional 11,726 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Green Plains by 29.5% during the third quarter. Point72 Asset Management L.P. now owns 556,095 shares of the specialty chemicals company’s stock valued at $7,530,000 after buying an additional 126,795 shares during the last quarter.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.